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Gruppo Cordenons posts excellent 2014 financial results

Tuesday, February 17, 2015

Press release from the issuing company

Gruppo Cordenons has announced its financial results for 2014. Gruppo Cordenons is a leading Italian paper manufacturer with two manufacturing sites. It has a long and interesting history going back over 400 years. The company is recognised in the market as a reliable supplier of around 2,500 quality products in the graphic and technical papers sectors.

Despite the current global economic and financial crisis, Gruppo Cordenon’s performance and results in 2014 have been very impressive. Far-sighted historic decisions allied to strong environmental policies and initiatives have ensured that the company has a strong position in the market. 

The key financial results (compared to 2013 results) are:

  • Turnover increased by 12% 
  • EBITDA improved by 45% (13.5% on turnover)
  • Net cash flow improved by 60%.

Gruppo Cordenons plans to invest €5.5 million in 2015 in plant renewal and production technology. €3.5 million of that investment will be directed into improvements in the company’s energy generation and consumption.

Whilst utilising the latest industry technology Gruppo Cordenons strives to follow its vocation to create precious speciality products which evoke the charm of handmade papers.

The Gruppo Cordenons extensive range of products includes metallised and iridescent papers; textured papers with blended fibres; felt-marked papers; papers with a special touch and feel and cast coated papers.

Gruppo Cordenons is FSC(R) and ISO 140001 certified.

 

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